EUR/USD and USD/CHF May 16, 2011

FX Strategy Video > Currency Pairs Analysis

The EUR/USD finds itself at a major inflection point now. This isn't surprising as the world worries about Greece yet again. There is talk of restructuring, and it appears the markets are getting more and more nervous by the day. The EUR/USD finds itself retesting support as well as the breakout from a few months ago of a massive trend line. The USD/CHF finds itself retesting former support to see if the sellers will reenter. The 0.90 level seems to be rather important, and the market is certainly taking notice of the area.

Published on 14th of May 2011
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time